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April export orders forecast to see negative growth

April export orders forecast to see negative growth

Taipei, May 16 (CNA) Taiwan is likely to post negative growth in export orders for April, mainly due to a slowdown in the global handheld device market, the Ministry of Economic Affairs (MOEA) said Saturday. In the first quarter of the year, the value of export orders received by Taiwan totaled US$107.36 billion, an increase of 2.5 percent year-on-year, which was the lowest since the fourth quarter of 2013, the MOEA said. April's orders for information and electronic products are likely to show a decrease as a result of a slowdown in the global handheld device market, weak demand for personal computers and tablets, and intense competition in the global market, the ministry said. Meanwhile, orders for petrochemical products, basic metals and crude oil products will remain weak in the near term, the MOEA said, citing the fall in international oil and steel prices. The ministry predicted that the value of Taiwan's export orders for April will be slightly lower than in March, when the figure was US$38.43 billion. (By Huang Chiao-wen and Y.F. Low)


Updated : 2021-09-23 17:09 GMT+08:00